Paul Krugman

Paul Krugman @paulkrugman

We're hearing a lot of stories about firms offering signing bonuses and other inducements for new hires — but raising overall wages, not so much 4/ https://t.co/O2aI9OpIKW — PolitiTweet.org

Paul Krugman @paulkrugman

But how can we tell? Not sure that surveys are the best or at least only approach. Suggestion: look at price- and wage-setting behavior 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Historically, we've had episodes of high inflation that didn't get built in, and faded quickly; the 70s was exceptional 2/ https://t.co/LEd6MiFWRz — PolitiTweet.org

Paul Krugman @paulkrugman

Ricardo Reis is asking the right question: the current rate of inflation, or even the rate over the next year plus, matters less than whether pricing behavior starts to build in expectations of future inflation 1/ https://t.co/Y50xji6QA8 — PolitiTweet.org

Paul Krugman @paulkrugman

Grant and Sherman were the generals who actually figured out how to win a war. Oh, and they weren’t fighting for an evil cause 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Not the important point, but Lee’s tactical victories were strategically barren; he held back the tide but never turned it 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

Incredibly, newspaper reports still claim that European welfare states have high unemployment. That's decades out of date. Do you even FRED, Bro? https://t.co/yiKIK3ekJR — PolitiTweet.org

Paul Krugman @paulkrugman

Remember, after Hurricane Maria hit Puerto Rico it took ELEVEN MONTHS to restore power 2/ https://t.co/9nXMoAVGHW — PolitiTweet.org

Paul Krugman @paulkrugman

This seems like an extraordinary accomplishment. How was it achieved? The report doesn't say. Was it the state response, the federal response? Surely someone should be getting credit 1/ https://t.co/ObeuCpgnB4 — PolitiTweet.org

Paul Krugman @paulkrugman

RT @drvolts: Like @paulkrugman, I find it rather striking that US corporations -- even those who make a big show of reducing their own emis… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: America is having another Covid slowdown — this time without the safety net, writes @paulkrugman. https://t.co/uoG7zATFFR — PolitiTweet.org

Paul Krugman @paulkrugman

It's amazing to me how many news reports on the Delta disaster manage to avoid mentioning "Republicans". It's not all political. But the political aspect is huge, and you would think impossible to ignore https://t.co/7qbPo9ldje — PolitiTweet.org

Paul Krugman @paulkrugman

The big question, he argued rightly, was how it was possible to have extended periods of high unemployment. Schumpeter and Hayek both saw this as a necessary part of adjusting the mix of stuff the economy produced. Both were wrong 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

One of Keynes's biggest insights was that the cause of the boom-bust cycle was actually a secondary question — he relegated it to a short chapter near the end of The General Theory 4/ https://t.co/rR4TIeEGNR — PolitiTweet.org

Paul Krugman @paulkrugman

Second, some object to my grouping Hayek with Schumpeter, because they had different stories about overinvestment: Schumpeter emphasized innovation, Hayek loose money. But that misses the point 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

Two points I'd like to clarify. As some point out, Hayek eventually endorsed monetary stimulus in a depression. But he was very much a liquidationist in the 1930s, which is when it mattered 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

Responses to this confirm something I've observed before: nothing gets people angrier than monetary theory. Say that Trump is a traitor and they yawn; say that fiat money works and they scream incoherently 1/ https://t.co/UDNGnFxdMs — PolitiTweet.org

Paul Krugman @paulkrugman

I haven't yet read Barry Eichengreen's "In defense of public debt." But does he add anything to the analysis in "1066 and all that"? https://t.co/qmnZ89xKP9 — PolitiTweet.org

Paul Krugman @paulkrugman

Having been on the receiving end of minor versions of this, I know their response: "Well, it's the kind of thing liberals do, so we're basically right even though we're wrong" — PolitiTweet.org

Paul Krugman @paulkrugman

We're having a reallocation slump. Some inflation is just what the doctor ordered. https://t.co/UDNGnFxdMs — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ThePlumLineGS: Manchin's threat to destroy Biden's agenda is worse than it seems. Failure to pass the climate part of the reconciliatio… — PolitiTweet.org

Paul Krugman @paulkrugman

This may be our last chance to avoid climate catastrophe. And corporate America is trying to block it.https://t.co/NxCBPPGIYe — PolitiTweet.org

Paul Krugman @paulkrugman

Tell me again about how we were providing way too much stimulus and the economy was going to drastically overheat. — PolitiTweet.org

Paul Krugman @paulkrugman

On the power of economic ideas https://t.co/7pRgt2XmYC — PolitiTweet.org

Paul Krugman @paulkrugman

The same logic applies in reverse to FL: high share of seniors, who have high vax rates, low share of children. FL "should" have ~3% higher vax than US average. It doesn't. — PolitiTweet.org

Paul Krugman @paulkrugman

Went for a run to distract from my grief, past flooding-snarled traffic. Heard someone yelling nonstop obscenities. Yes, it was the driver of a car covered in Trump stickers yelling at a Black pedestrian. In Princeton. — PolitiTweet.org

Paul Krugman @paulkrugman

RIP Holmes. He seemed fine this morning, but when I checked him this evening he had passed away (heart attack?) My last photo of the two of us https://t.co/Fg3VHZNcJM — PolitiTweet.org

Paul Krugman @paulkrugman

Don't let the government get its hands on Medicare, or your stimulus checks — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: "Right-wing extremism isn’t just an ideological movement that happens to get a lot of money from sellers of snake oil," @pa… — PolitiTweet.org

Paul Krugman @paulkrugman

Jokes aside, good thread from Jason. He and I would agree, I think, that money is not the issue — PolitiTweet.org